Main >
articles >
"The New European Privacy Regulation (GDPR): A New Standard and How It Applies to Israeli Companies"

"The New European Privacy Regulation (GDPR): A New Standard and How It Applies to Israeli Companies"

Lecture by Dr. Dotan Baruch27.06.17

Additional articles

DUN'S 100

Service & Trade Sector

In 2016, Israel’s Real GDP increased by 4%, following increases of 2.5% in 2015 and 3.2% in 2014 (the Gross Domestic Product is the net value of all of the products and services that were produced in Israel). The 4% increase that Israel recorded in 2016 was relatively high in comparison to the 1.7% average rate of growth in OECD countries in 2016. However, due to Israel’s relatively fast population growth, this gap diminished on a per capita basis, with 2% in Israel compared to an average of 1.1% with the OECD(1).

In 2015-2016, several regulatory steps were taken by the government and the banks in order to affect the industry’s supply and demand. For example, demand-curtailing steps were taken aimed both at young couples (an increase of the mortgages interest rates by the banks) and at investors (governmental increase of investment apartments purchasing tax and taxation of third apartments). From the supply aspect – the “Mehir La’Mishtaken” (government price-capped) program was expanded, and the marketing of tens of thousands of reduced-price apartments for eligible candidates has begun.